Send Money To South Korea
Personal
Business
From
United States
USD
To
South Korea
KRW
1 USD equals
1340.802 KRW
Updated on September 21, 2023
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Score
Transfer Now
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.
Transfer Options
Bank transfer- Debit card (UK only)
- BPAY (Australia only)
- Direct debit (U.S. only)
Features
0.4% margin for new customers referred by iCompareFX- Fee-free transfers
- Scheduled transfers
- Online and phone transfers
Best For
Pay no fees for personal transfers- Get competitive exchange rates
- Lets you schedule transfers with ease
Trading in some currencies possible only over the phone- Website access only in English
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.
Transfer Options
- Bank Transfer
- Debit / Credit card
- Google / Apply Pay
- POLi (Australia)
Features
- Bank account transfers and cash transfers
- Mobile airtime and mobile wallets top up
- Home delivery of transferred funds
- Multicurrency WorldRemit Wallet
- Multilingual website
Best For
- Transfers to cash pickup locations
- Transparent rates and fees
- Low minimum transfer amount
- No hedging tools
- No scheduled transfers
Transfer Options
- Bank Transfer
- Credit Card
- Debit Card
- Country specific alternatives
Features
- Transparent fee structure
- Send money to email addresses
- Multicurrency account with debit card
- Multilingual website & app
Best For
- User friendly mobile app
- Multi-currency account
- Travel debit card
- No scheduled transfers
- No dedicated account manager
Transfer Options
- Bank transfer
- Debit card
- Credit card
- Bank debit
Features
Best For
Jump to a section
How to send money to South Korea
Step 1
Go through your alternatives, open a new account
Go through your alternatives, open a new account
Sending money to South Korea, either as an individual or business, presents you with multiple options. There is no single company that works best for everyone, so it is important that you compare the top alternatives.
After selecting a suitable company, sign up for a new account by giving it the required information. Verifying your identity is usually part of the process.
Step 2
Assess exchange rates, start the transfer process
Assess exchange rates, start the transfer process
Examine the recent history of KRW exchange rates. This helps you determine if you should send money to Korea given the existing market condition.
To begin the transfer process, get a rate quote from your service provider. The amount you plan to transfer might have an effect on the rate you get.
Accept the rate quote to confirm your transfer. Provide the recipient's South Korean bank account details.
Step 3
The actual transfer
The actual transfer
Your service provider acts as an intermediary when you transfer money to South Korea.
First, you need to make a payment to the company using any of the methods on offer.
Then, the company transfers the money to the recipient's local bank account. The mode of payment, your country of residence, and the receiving bank's policies might have a bearing on the overall turnaround time.
You may track your transfer by visiting your service provider's website. Many companies provide email and text notifications too.
Convert USD to KRW
Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
USD
KRW
Sending money online through specialist money transfer companies.
Expect to receive between W132739.36 and W133543.84 when sending money from USD to KRW at today's exchange rate.
Compare that to sending money overseas through retail banks. Expect to receive approximately W127376.15, not including additional banking fees. That is an average saving of W5765.45.
Expect to receive between W132739.36 and W133543.84 when sending money from USD to KRW at today's exchange rate.
Compare that to sending money overseas through retail banks. Expect to receive approximately W127376.15, not including additional banking fees. That is an average saving of W5765.45.
Currency exchange rate in the last 30 days
Need more information?
Read useful guides on international remittance and more detailed reviews on the best money transfer services.
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